Creating Lucrative Business Partnerships

I have practiced the proverbial “art” of building non-competitive alliances with like minded companies, not just as a new entrepreneur, but also as a business building tool in all of my previous positions. While, on the whole, this strategy has yielded very positive results and significant revenue, there have been some negative consequences. So, I would like to share with you a very basic list of “do’s and dont’s” for creating successful business partnerships.

  • Do seek out companies where your services would be a natural addition to the resources currently offered. For example, if you are a catering service specializing in healthy cuisine, you might want to partner with health club to offer special incentives to gym goers.
  • Do choose organizations whose business ethic and overall image are at least generally compatible with yours. The last thing you want is to be associated with an organization who has questionable business practices. Although you may financially gain from such a partnership in the short term, that type of “bad business karma” can only affect you negatively in the long term.
  • Do determine beforehand whether you will be operating under the aegis of your own company or your partner’s organization. If you are ABC company and your partner is XYZ corporation, will you be marketed separately as ABC company or an extension of your partner XYZ Inc.? Are you looking strictly for access to new clientele or for an opportunity for exposure as ABC company?
  • Do specify how referrals will be passed to you. Will clients be contacting you directly or will the initial inquiry pass through your partner?
  • Do specify your payment structure in writing. Will you paid directly by clients that come to you or will the billing process take place through your partner’s organization? If you are not being paid directly, what is the billing and payment cycle through your partner’s company? What percentage of commission, if any, will you owe to your partner for business that comes in through their company?
  • Don’t dismiss partnerships with companies, organizations or individuals with whom you don’t have an immediate and obvious synergy. Be open! Be creative! Explore! For example, I am in the process of working with several business coaches to create seminars on how to host successful product launches for home based businesses.
  • Don’t neglect to do your research. Ideally, partner with an organization that you are familiar with and whose services you have either used personally or in a business setting. (Or, get at least three referrals from others familiar with your potential partner’s services and business style.)
  • Don’t accept verbal assurances, particularly where commission and payment structure is concerned. Even if you know and trust your partner, having a formal written agreement is insurance against misunderstanding.
  • Don’t hesitate to question a partnership that is not living up to your expectations. Strategic alliances are a two way street. If your counterpart is following your business agreement, politely remind them of their responsibilities.


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In the current years it there has been a radical development within the variety of mobile subscribers in India. Because of this the cell service in India has been also propelled. To draw increasingly more subscribers the service providers are offering increasingly amenities. These consumer pleasant services have helped them in getting the greatest share available in the market. One of the latest amenities that have been supplied by many of the firms is online cell recharge choice. Recharging Thought mobiles have additionally turn out to be possible with this function. Thus the individuals can now get their cellular recharged sitting of their residence at any hour of the day.

The dealers present the components of various frontline brands of cellphones. The elements include not only batteries but additionally various kinds of contact components. High grade raw supplies and technologies are used in making the elements. The objects Instagram hack, offered by the well known on-line dealers, are lengthy lasting in nature. So, if the out-of-order components of the cellphones are changed with the real parts, then you will not need to restore the cellphones again and again inside a brief period.

The truth is that Apple expects to release the brand new iPhone 6 quickly with the intention of attracting extra consumers. Therefore it’s obvious that they are going to unveil a gadget that will outdo the prevailing smart telephones together with Samsung and Sony. Some people do not seem to understand whether or not the expected launch is the iPhone 5S or not. Nevertheless, some trusted sources have already confirmed that the brand new launch is a bit different from iPhone 5S. However this has to be treated as rumors until the device is formally out. Some folks base their argument on the fact that Apple has had a history of releasing gadgets with half-step S fashions previous to the following numbered iPhone.

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Top 5 Advantages of Upgrading to SharePoint 2013.

The Menu, Back and House have capacitive contact buttons which help to capture the precise frames in the best method. The volume rocker is discovered on the left aspect and the anodized aluminium operating along the perimeters makes the device look very classy. Only take care that you just hold the device fastidiously as its slippery sides could make it fall. The best facet has the ability buttons with an aluminium end. There is a tiny microphone on the base with a small USB slot. The audio jack is a 3.5mm mendacity on the top. There’s a tiny hole visible for the jack even when the again cover is closed tight.

For a enterprise proprietor or the supervisor (operations) of an SME, the primary concern all the time revolves around bettering productivity and revenues in a most price-efficient method. This is the primary motive why cloud based purposes were innovated and possibly why business owners are so animated about getting cloud based apps. Why they’re changing into more and more widespread is as a result of they can get all of your apps out there via the Web and side-by-side avail all the advantages provided by SaaS suppliers. Let us study few more advantages that cloud based mostly functions present to small business homeowners.

Producing a e-newsletter is a good technique to take good thing about local cellular advertising. Your prospects can elect to obtain the publication on the cellular gadget, that’s much more good on condition that they might take time so that you can go through by way of it no matter through which they could be. Protect the information letters comparatively fast and spotlight essentially the most important parts, as a result of reality a lot of people aren’t planning to think about the time so that you can undergo every word.

Mobility lets the computing occur in actual time.

However, this isn’t all. Samsung Smartphone covers are priced at an affordable vary. As the value range are simple in your pockets you possibly can bag a couple of them to start with and alternate them as your choice. You should use a PU leather diary case for your office or some other formal gathering and a hard plastic again case for an informal grasp-out with associates. This aside, Samsung Smartphone covers can be found in three varieties, specifically the again covers, diary kind cases and flip covers. So with these covers one can say that every one good things indeed are available sensible packages!

Flipboard offers recent batches of filtered information in an effective method. This application collects content from social media and other sources like BBC, Speak Sport and Tech Radar and many others. and presents content in a journal format. Also it offers RSS feeds from 1000’s of websites from which it is linked. Every part, from social media updates to other internet contents/information will probably be available to you in a magazine format, which is fairly cool. In case, in case you are frightened about photographs saved on your iPhone, possibly it is best to try installing the new Non-public Photograph Vault tool that keeps your images personal and protected. Utilizing this tool, you may actually preserve your images protected using a PIN or Password sample. In addition to this, you can edit, share and switch footage, the best way you need.

The phone comes with Android 4.2.2 Jelly Bean which is the newest and best model of this cell OS presently out there out there. The screen resolution is 540 by 960. The machine is powered by a twin core 1.four GHz Braodcom CPU and a VideoCore IV GPU. The RAM is 1.5GB. There are 2 cameras on the phone, at again the eight MP auto focus succesful with 1080p video recording. The entrance digicam is 1.9 MP and can also be 1080P capable however principally you need to use it for video calling. On board storage is 8 GB with skill to broaden it with a microSD card.


If, you might be doing each thing with the measurement so each factor you will get corrected, so try to do all of the work with measurement as a result of it’s a good observe select a background to your bookmaker from the digital package which you’ve gotten introduced or acquired at no cost. Select factor which you want mostNow place it over your sized area and make it fit similar to it is prepared and it is time to add your fun elements to your bookmaker. The smartphones are in built with Accelerometer and gyro sensors. The Google Nexus four is one of the best Android devices when it comes to specs and options. It has all of the options of a flagship phone and has a gorgeous design.

Federal Grants

Many state development agencies, non-profit organizations, intermediary lending institutions and local governments award the loans for small businesses. These grants can be used to start any type of business. Those who want to develop their small business enterprises can also apply for these grants. To be eligible for the grant you should be an US citizen at least 18 years old. The grants can be from the federal government, state government or from the agencies. These grants do not require collateral security, credit checks or any security deposits.

The first step to obtain the grant is to find out the sources from which you can obtain the grant. Locate them in your locality or your state. A listing of the agencies can be had from the federal and state governments. Then comes the grant scheme for which you are eligible.

Another source from which you can find information regarding the grants is the website This website provides a one-stop opportunity to apply for grants. According to the website there are over 1,000 grant programs offered by 26 Federal grant-making agencies. Applying grants online can reduce many tedious processes.

Financial Business Franchises

A financial business officer teaches first-time franchisers about the industry that they are entering and helps them decide what business opportunities to take. His or her services include franchise consulting, franchise comparisons, industry trend analysis, pre-purchase and reference checklists, accounting and financial advice, demographic analysis, real estate assistance, franchise system reviews, legal reviews and advice and sustaining support. The officers also facilitate business start-up loans, franchise business acquisition financing, commercial real estate financing, construction financing, equipment financing and retirement fund rollovers for startup businesses.

Helping others get the right business opportunity is a reward in itself- knowing that you are helping fulfill dreams and generating jobs. If you are adept at understanding business financing, you may want to consider setting up your own financial business franchise. Not only will you tap into a multi-billion dollar industry of assisting startups and franchisees, but you will also do yourself a favor by becoming your own boss. What’s great about a business like this is that you do not need to establish a reputation before gaining clients? Your franchise’s name will speak for you, and you will get the clients you need.

Milestones and Metrics

How to Write a Business Plan: Milestones While the Milestones and Metrics chapter of your business plan may not be long, it’s critical that you take the time to look forward and schedule the next critical steps for your business. Investors will want to see that you understand what needs to happen to make your plans a reality and that you are working on a realistic schedule. Start with a quick review of your milestones. Milestones are planned major goals.

For example, if you are producing a medical device, you will have milestones associated with clinical testing and government approval processes. If you are producing a consumer product, you may have milestones associated with prototypes, finding manufacturers, and first order receipt. While milestones look forward, you will also want to take a look back at major accomplishments that you have already had. Investors like to call this “traction.” What this means is that your company has shown some evidence of early success. Traction could be some initial sales, a successful pilot program, or a significant partnership. Sharing this proof that your company is more than just an idea-that it has actual evidence that it is going to be a success-can be critically important to landing the money you need to grow your business. In addition to milestones and traction, your business plan should detail the key metrics that you will be watching as your business gets off the ground. Metrics are the numbers that you watch on a regular basis to judge the health of your business. They are the drivers of growth for your business model and your financial plan.

For example, a restaurant may pay special attention to the number of table turns they have on an average night and the ratio of drink sales to food sales. An online software company might look at churn rates (the percentage of customers that cancel) and new signups. Every business will have key metrics that it watches to monitor growth and spot trouble early, and your business plan should detail the key metrics that you will be tracking in your business. Knowing what your assumptions are as you start a business can make the difference between business success and business failure.

Finally, your business plan should detail the key assumptions you have made that are important for your businesses success. Another way to think about key assumptions is to think about risk. What risks are you taking with your business? For example, if you don’t have a proven demand for a new product, you are making an assumption that people will want what you are building. If you are relying on online advertising as a major promotional channel, you are making assumptions about the costs of that advertising and the percentage of ad viewers that will actually make a purchase. Knowing what your assumptions are as you start a business can make the difference between business success and business failure. When you recognize your assumptions, you can set out to prove that your assumptions are correct. The more that you can minimize your assumptions, the more likely it is that your business will succeed.

Future of Rewards

What were motivational tools a decade back are now hygiene factors. Appreciation letter from the Managing Director, one-time ad-hoc bonus of INR 25000, out-of-turn promotion, publishing personal details in the in-house magazine, special jump in compensation, etc. have become too routine and rather unproductive. Such rewards have now become almost obsolete or have moved down from the managerial hierarchy to the supervisory or blue-collar hierarchy.

What is pushing the new philosophy of reward? Three factors stand out.

One, and accelerated change in the workforce demographics including changing expectations of older horses. Two, chronic need for retaining the performers, and the third, faster erosion of the perceived value of the reward.

If one goes with the trend, how would rewards for star performers look like in future?

For the Junior Management (up to 9-10 years of service), the rewards could include an unlimited GB data plan for personal use for a year or sponsorship of marriage expenses pegged at 50% of the annual compensation. Another option for this category would be a fully paid sabbatical for pursuing full-time education of choice. Sponsoring an all-bachelor group’s two weeks Europe tour is a fabulous idea and could be a perfect testimonial of the pinnacle performance.

This group being young has interest in sports and adventures. Then why not give them formal training and even consider sponsoring deserving ones for advance training in adventure sports? The company can analyse the hobbies & passions of star performers and offer matching rewards. If an employee likes old Hindi songs, the company can set up a meeting with the leading vocalist of his choice or gift him a Bose Audio System with complete set of the singer’s recordings. If an employee likes tennis, then how about a fully paid trip to a grand slam tournament of her choice? Imagine the impact if the reward is to shadow a board member for seven days.

This group brings energy, aggression, flexibility, and above all, passion. Of course, the attrition rate is the highest in this lot, but then the moot point would be to maximize the output while working on retention.

What would then the Middle Management (10 to 17 years of service) fancy as rewards? Annual sponsorship for a child’s education, foreign tour with family (including parents), all paid interior design of the house, subscription to an internationally acclaimed domain magazine, paid up wealth-management advisory services, and an exceptional bonus to prepay the housing loan up to half the annual CTC. This lot would be typically in 30s or early 40s and hence might even want sponsorship of a leading gymnasium for fitness & health management. This group too might like to have excursion trips or adventure sports training.

Employees in this group are more stable than the younger ones. However, the challenge for the HR people here is to offer ‘renovation’ opportunities. As knowledge fads faster than ever, this lot would certainly be pleased if offered advance training for managerial or leadership development at a premier management school (of course within the given domain) with a cap on the expenses at one month’s gross compensation. A reward that has an impact on the near-future career is always more valuable.

The Senior Management (18 & above years of service) is the most sensitive lot of the troika, simply because it carries the rich experiential knowledge of the business, domain, and the environment. Retention here has more to do with the job content and personal treatment. Monetary needs are no longer relevant for this lot. It is the most difficult group in terms of understanding what rewards would members like to receive.

The primary need for this lot is (public) recognition and opportunities for crossing the new bridge. Therefore, the approach for this lot would have to be personalized. Representing the company in international conferences, being nominated on the academic council of a leading management school, spending 3 months a year in the company’s CSR domain, retreating for spiritual purposes, are a few examples of rewards that could suit this group. It would not be wrong even to seek inputs from the lead performers on what type of reward they would prefer i.e. give them a bouquet of rewards to choose from.

To end, I recommend an employee survey on the effectiveness of the current rewards and for obtaining employees’ inputs on which could be dropped & what new categories could be introduced.

How To Incorporate

As the corporation is a separate legal entity, the identification has to be unique. It is essential to check with the authorities as to whether the name for the business already exists. If it exists, some other name has to be chosen. Some names can be appended with the name of the business like XYZ bank. The type of corporation is decided by determining whether or not one has to raise capital through the public, the duration of the corporation, the management structure and control and the type of corporation like LLC or corporation. There is a S form of corporation that has a special tax structure so that double taxation of the income is avoided.

The procedure for filing papers for all types of corporation remains the same. By law, it is required to register the corporation in the state the business is operating. It is also possible to incorporate in one state where the tax structure and other conditions are favorable and operate in another state. For this, the corporation should designate a registered agent with a physical address in the state. This is done to facilitate communication between authorities and the corporation.

Finally ,the incorporation is done by filing papers that contains details about the business along with the registration fees. Usually registration is about $400. It takes some time to complete the process. and if one needs to expedite, an additional fee is required.

Hire Services of Business Consultants

The experts will have the capacity to convey better outcomes for your business when you unmistakably recognize what your objectives are and when you have absolutely characterized your ventures.

  • The specialists will help you get the data and learning that can’t be found inside your association in a brief timeframe.
  • Advisors would have the capacity to offer you the administrations that don’t exist in your association in light of the fact that there is no master or division that can help you with certain business perspectives.
  • Business specialists help to discover answers for the distinctive difficulties that emerge every once in a while. Each time the way of the test can be distinctive. You may confront the issue interestingly yet because of their boundless introduction to the different issues in different organizations, they can take care of issues in speedy, effective and safe techniques.
  • They can help you approve your as of now made or executed thoughts.
  • They will go about as the autonomous and master body that will dissect and scrutinize distinctive parts of your business. The feedback will be productive and they will help you discover answers for the issues
  • They will help in hunting down new thoughts and making arrangements remembering future nature of your business.
  • They can help create and execute frameworks and techniques to expand the proficiency of your business forms.
  • At the point when your business needs to connect with outer contacts, business experts will help you get to government bodies and business systems
  • When you procure the administrations of business experts, you can see and assess your business from the point of view of an outcast. This implies the expert would be better ready to address the issues and weaknesses, helping you to locate the best arrangements.

Business Success Checklist

Crystal clear purpose

The most common reason companies run into trouble is losing sight of the customer and their needs. Having a crystal clear purpose helps keep the focus from becoming too internally fixated, instead articulating why the business exists from the customer’s perspective. A clear and inspiring purpose will also give your employees a reason to be connected with their hearts, not just their minds.


Sometimes this is an unpopular topic, but it is critical. Discipline means having a sharp and constant focus on your objectives, whether they be growth, profits or customer objectives. Successful businesses build continual monitoring into their processes, constantly aware of the gap between where they are and where they should be.

Goals that compel action

Most people are motivated to work for a cause of some sort. The business must continually paint a picture of what the future may hold. And it needs to be more compelling than ‘surviving’ or ‘selling lots more’. Goals that challenge without being unrealistic, and that inspire people to go above and beyond, will reinforce a culture of innovation, effort and excitement.

Prepare for several futures

Successful businesses are rarely taken by surprise. They spend time thinking about “what if” scenarios, and planning their responses. It’s a fact that most business owners don’t think beyond the next quarter or six month period. This can lead to sticking with products and services for too long and failing to identify shifts in the market – making change and innovation almost impossible.


The leader’s job is not only to inspire effort and provide direction. They also carry the task of meeting the psychological needs of their employees while they are at work. Leaders that are emotionally mature, energetic and future oriented are an absolute necessity, if the business is to thrive rather than plateau.

Excellence in everything

Companies will not survive long today if they are “just average”. What does it take to foster a culture of excellence? High standards, accountability, a willingness to learn and a continual focus on creating value for customers. If these things are in place, excellence becomes a by-product.

Where to Get Bonding Assistance

A bid bond is submitted when you bid on a project, and obligates a firm to honor its pricing if it is awarded a contract. A performance bond obligates a company to complete a project according to the contract terms. A payment bond is a guarantee that the firm will pay all its subcontractors, craftspeople, and suppliers. If you fail to honor the terms of the surety bond, then the surety company that issued the bond will be responsible for paying.

Because of the risk involved, surety companies review detailed credit and financial information about your firm before issuing a bond. Your company has to prove to the surety company that it is capable of honoring its commitment. If you are granted a bond, you pay a premium (similar to an insurance premium) for the surety bond.

The Small Business Administration has programs in place to help small businesses get the bonds they need. The agency’s Surety Bond Guarantee Program will guarantee bonds as high as $2 million, and is open to all small businesses. Bonds are issued by a surety company, and the SBA will guarantee 70% to 90%, depending upon the program.